NewcelX Correlations

NCEL Stock

2.50 0.13 4.94%

The current 90-days correlation between NewcelX and XORTX Therapeutics is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NewcelX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewcelX moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NewcelX Correlation With Market

Significant diversification

The correlation between NewcelX and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NewcelX and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NewcelX Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewcelX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy NewcelX Stock please use our How to buy in NewcelX Stock guide.

Moving together with NewcelX Stock

0.86	NONOF	Novo Nordisk AS	Pair Corr
0.92	NVO	Novo Nordisk AS Aggressive Push	Pair Corr
0.73	CSLLY	CSL	Pair Corr
0.69	CMXHF	CSL Limited	Pair Corr
0.76	VFSWW	VinFast Auto	Pair Corr

Moving against NewcelX Stock

0.9	TLK	Telkom Indonesia Tbk	Pair Corr
0.89	REGN	Regeneron Pharmaceuticals	Pair Corr
0.84	ARGX	argenx NV ADR	Pair Corr
0.84	SHG	Shinhan Financial	Pair Corr
0.79	VRTX	Vertex Pharmaceuticals	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.55	VFS	VinFast Auto	Pair Corr
0.88	PEYUF	Peyto ExplorationDevel	Pair Corr
0.85	MBX	MBX Biosciences, Common	Pair Corr
0.78	HBIO	Harvard Bioscience	Pair Corr
0.78	HBPCF	Helix BioPharma Corp	Pair Corr
0.78	AROW	Arrow Financial	Pair Corr
0.54	MGRM	Monogram Orthopaedics	Pair Corr
0.4	PDPA	Pearl Diver Credit	Pair Corr
0.39	SIUSD	Silver Futures	Pair Corr
0.38	TORO	Toro	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr
0.9	ORIQ	Origin Investment Corp	Pair Corr
0.73	IBIDF	Ibiden CoLtd	Pair Corr
0.69	EOLS	Evolus Inc	Pair Corr
0.63	KODK	Eastman Kodak	Pair Corr
0.46	DANOY	Danone PK	Pair Corr
0.39	TSMWF	Taiwan Semiconductor	Pair Corr

Related Correlations Analysis

	XRTX	MLEC	NKGN	VRAX	ELAB	WINT	DRMA	ATXI	GTBP	LIPO
XRTX		0.5	0.15	0.75	0.5	0.66	0.82	0.0	0.06	0.6	XRTX
MLEC	0.5		-0.08	0.6	0.59	0.55	0.7	0.27	-0.19	0.82	MLEC
NKGN	0.15	-0.08		0.03	-0.29	-0.35	0.27	-0.28	-0.07	-0.12	NKGN
VRAX	0.75	0.6	0.03		0.66	0.72	0.8	0.05	-0.24	0.65	VRAX
ELAB	0.5	0.59	-0.29	0.66		0.71	0.6	0.46	-0.32	0.69	ELAB
WINT	0.66	0.55	-0.35	0.72	0.71		0.6	0.1	-0.14	0.66	WINT
DRMA	0.82	0.7	0.27	0.8	0.6	0.6		0.09	-0.04	0.74	DRMA
ATXI	0.0	0.27	-0.28	0.05	0.46	0.1	0.09		-0.11	0.26	ATXI
GTBP	0.06	-0.19	-0.07	-0.24	-0.32	-0.14	-0.04	-0.11		-0.09	GTBP
LIPO	0.6	0.82	-0.12	0.65	0.69	0.66	0.74	0.26	-0.09		LIPO
	XRTX	MLEC	NKGN	VRAX	ELAB	WINT	DRMA	ATXI	GTBP	LIPO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DRMA	+ 0.82	XRTX
LIPO	+ 0.82	MLEC
DRMA	+ 0.8	VRAX
VRAX	+ 0.75	XRTX
LIPO	+ 0.74	DRMA
WINT	+ 0.72	VRAX

High negative correlations

WINT	- 0.35	NKGN
GTBP	- 0.32	ELAB
ELAB	- 0.29	NKGN
ATXI	- 0.28	NKGN
GTBP	- 0.24	VRAX
GTBP	- 0.19	MLEC

Risk-Adjusted Indicators

There is a big difference between NewcelX Stock performing well and NewcelX Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NewcelX's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XRTX	3.97	(0.45)	0.00	(1.99)	0.00	0.00	9.09	(8.33)	61.23
MLEC	4.62	(2.14)	0.00	2.68	0.00	0.00	6.56	(10.81)	44.59
NKGN	30.16	13.61	0.28	2.08	16.01	(89.09)	100.00	(21.28)	445.00
VRAX	4.51	(0.68)	0.00	(0.14)	0.00	0.00	6.52	(10.20)	92.80
ELAB	5.27	(1.48)	0.00	(0.45)	0.00	0.00	7.36	(14.03)	103.11
WINT	8.20	(0.30)	0.00	0.66	0.00	0.00	20.00	(16.67)	56.41
DRMA	4.62	(1.23)	0.00	(0.31)	0.00	0.00	11.11	(8.61)	30.13
ATXI	4.40	(0.14)	0.00	(0.06)	0.00	0.00	12.66	(14.29)	39.28
GTBP	6.18	0.94	0.10	0.63	8.70	(7.44)	12.73	(10.45)	74.56
LIPO	5.97	(1.21)	0.00	3.39	0.00	0.00	15.00	(15.00)	42.20

NewcelX Corporate Management

Uri BenOr	Chief Officer	Profile
Yossi BenYossef	Honorary Consultant	Profile
Omri Hagai	Chief Officer	Profile
Eric MD	Head Program	Profile

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